Best SBA 7(a) lenders for computer and computer peripheral equipment and software merchant whole
The top SBA 7(a) lenders for computer and computer peripheral equipment and software merchant whole (NAICS 423430) are Northeast Bank, Newtek Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 164 loans totaling $73.8M to businesses in this industry. Average loan size: $450K. Average rate: 9.69%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.86%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 23 | $5.1M | $220K | 10.61% | — |
| 2 | Newtek Bank, National Association | 17 | $8.3M | $488K | 11.50% | 0.00% |
| 3 | TD Bank, National Association | 15 | $1.2M | $80K | 11.85% | 25.00% |
| 4 | U.S. Bank, National Association | 9 | $2.2M | $243K | 8.23% | 0.00% |
| 5 | BayFirst National Bank | 8 | $1.0M | $125K | 12.75% | — |
| 6 | Wells Fargo Bank National Association | 7 | $7.9M | $1.1M | 6.03% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 6 | $1.3M | $224K | 9.79% | 0.00% |
| 8 | Bank of America, National Association | 5 | $2.2M | $433K | 6.21% | 0.00% |
| 9 | The Huntington National Bank | 5 | $530K | $106K | 9.70% | 0.00% |
| 10 | Celtic Bank Corporation | 5 | $701K | $140K | 11.10% | 0.00% |
| 11 | Cadence Bank | 5 | $1.5M | $304K | 8.80% | 0.00% |
| 12 | Lendistry SBLC, LLC | 4 | $805K | $201K | 12.69% | — |
| 13 | Manufacturers and Traders Trust Company | 3 | $490K | $163K | 9.00% | 0.00% |
| 14 | Readycap Lending, LLC | 3 | $351K | $117K | 13.75% | — |
| 15 | Capital Bank, National Association | 3 | $5.1M | $1.7M | 6.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423430. Charge-off rates are calculated on the FY2020–FY2023 cohort only.